WIKA Reduces Debt by Rp1.47 Trillion, Improves Bond Rating in Q1-2025
JAKARTA, May 7, 2025 – (ACN Newswire via SeaPRwire.com) – The construction industry is under pressure by challenging global economic conditions. This is reflected by new contracts secured by PT Wijaya Karya (Persero) Tbk (WIKA) of only Rp2.16 trillion, which is lower compared to the same period the previous year. However, the Company booked Rp4.84 trillion in sales, comprising Rp3.11 trillion from non-joint operation projects (Proyek Non-Kerjasama Operasi) and Rp1.73 trillion from joint operation projects (Proyek Kerjasama Operasi, “KSO”).Sales were mainly generated from the building and infrastructure segment, EPC, construction-related industries, and real estate property. The sales achievement enabled WIKA to book a gross profit of Rp393.46 billion, of which Rp231.33 billion came from non-KSO projects and the remainder from KSO projects.WIKA’s consistent restructuring efforts have successfully reduced debts on its balance sheet to financial institutions and business partners by Rp1.47 trillion in Q1-2025 co…


















